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Acquisitions and Divestitures News

Vanguard Closes Acquisition of Natural Gas & Liquids Assets
United States >> 7/2/2012 - Vanguard Natural Resources, LLC ( Vanguard or the Company) announced that on June 29, 2012 it consummated the previously announced acquisition of natural gas and liquids assets from Antero Resources f...
Essar Energy Sells Stake in Vietnam Gas Block to ENI
Vietnam >> 7/2/2012 - Essar Energy plc, the India-focused integrated energy company, announced that its subsidiary Essar Exploration & Production Limited has agreed to sell a 50 per cent stake in Vietnam’s offshore gas exp...
Eni Acquires New Exploration Block Offshore Vietnam
Vietnam >> 7/2/2012 - Eni has signed an agreement with the Indian company Essar for the acquisition of 50% and the operatorship of exploration block 114, located offshore in Vietnam's Song Hong Basin. ...
Eni Signs Three Production Sharing Contracts in Kenya
Eni Signs Three Production Sharing Contracts in Kenya Kenya >> 7/2/2012 - Eni announces the signing of three product sharing contracts, awarded by the government of Kenya, for the acquisition of exploration blocks: L-21, L-23 and L-24, thus marking the entry of Eni in the c...
CAMAC Announces Completion of OML 120/121 Acquisition
Nigeria >> 6/29/2012 - CAMAC Energy Inc announced that Allied Energy PLC (“Allied”), an affiliate of the Company’s largest shareholder, has closed the previously announced transaction to acquire the 40% working interest in ...
Bashneft Becomes the Operator Of Block 12 in Iraq
Bashneft Becomes the Operator Of Block 12 in Iraq Iraq >> 6/28/2012 - Bashneft took part in the final stage of the Fourth licensing round held in Baghdad on May 30-31, 2012 by the Iraqi Ministry of Oil. As part of a consortium with PVEP and Premier Oil, Bashneft bid for...
Total Steps Up Exploration in Kenya with the Award of L22
Total Steps Up Exploration in Kenya with the Award of L22 Kenya >> 6/27/2012 - Total announced the signature of a production sharing contract with the Kenyan government for Block L22, which it will operate with a 100% interest. Covering an area of more than 10,000 square kilomet...
Bridge Energy ASA Agrees Farm-Down on PL497/497B
Norway >> 6/27/2012 - Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company is pleased to announce that its wholly owned subsidiary Bridge Energy Norge AS has executed an agreement with Ag...
BP to Sell its Interests in Alba and Britannia Fields
United Kingdom >> 6/26/2012 - BP announced that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (Mitsui) for $280m in cash. The sale comprises BP’s non-operating 13.3%...
Rift Energy Corp. Acquires Block L19 in Kenya
Kenya >> 6/25/2012 - Rift Energy Corp (Rift Energy) is pleased to announce the signing of a Production Sharing Contract (PSC) covering oil and gas exploration activities on Block L19 in the onshore Lamu Basin within the R...
Approval Given for BP to Join Serica in License 47
Namibia >> 6/25/2012 - Serica Energy plc is pleased to announce that the Minister of Mines and Energy in Namibia has consented to the assignment by Serica of a 30% interest in Serica's Luderitz Basin Licence 0047 to Explora...
Rosneft in Talks to Join Exxon in West Qurna-1 Field
Rosneft in Talks to Join Exxon in West Qurna-1 Field Iraq >> 6/22/2012 - Russia's top crude oil producer, Rosneft, has been in talks with ExxonMobil about teaming up with the U.S. group to tap Iraq's huge West Qurna-1 oilfield, Kommersant daily reported. The daily, citing ...
Marathon Oil Announces Re-entry into Gabon
Gabon >> 6/22/2012 - Marathon Oil Corporation announced that its subsidiary Marathon Upstream Gabon Limited has entered into a farmout agreement with Total Gabon for a 21.25 percent working (25 percent paying) interest in...
Eni & Rosneft Sign Contracts for Russian Offshore Assets
Eni & Rosneft Sign Contracts for Russian Offshore Assets Russia >> 6/21/2012 - Eni CEO Paolo Scaroni and Rosneft Chairman Igor Sechin signed agreements in Saint Petersburg concerning their operation of assets in the Black Sea and the Barents Sea. ...
Sierra Leone Ratifies Talisman Oil Deal
Sierra Leone >> 6/19/2012 - Sierra Leone has ratified an agreement for Canadian-based Talisman Energy to explore for oil after the firm took over a majority stake in an offshore block, an energy official in the country said. ...
CNOOC Signs PSC with Primeline for Block 33/07
CNOOC Signs PSC with Primeline for Block 33/07 China >> 6/19/2012 - CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline...
Signature of PSC for Block A-12, Offshore Bioko
Equatorial Guinea >> 6/18/2012 - The Ministry of Mines, Industry and Energy is pleased to announce that a Production Sharing Contract (PSC) has been signed regarding Block A-12, offshore Bioko, Equatorial Guinea. The PSC was signed b...
Signature of MOU Regarding Blocks J-14, J-15, K-14 And K-15
Equatorial Guinea >> 6/18/2012 - The Ministry of Mines, Industry and Energy is pleased to announce that a Memorandum of Understanding (MOU) has been signed regarding Blocks J-14, J-15, K-14 and K-15, offshore Rio Muni, Equatorial Gui...
Shell Nigerian Selling 3 More Onshore Blocks
Nigeria >> 6/15/2012 - Royal Dutch Shell's Nigeria operation is working on selling three onshore oil blocks, the latest move to divest some of its onshore assets, a spokesman said. ...
Dana Wins a PSC for the Bakassi West Block in Cameroon
Cameroon >> 6/15/2012 - In a deal which extends our existing position in Africa, Dana will be the Operator (55%), working in partnership with Madison Cameroon Oil and Gas Limited (“Madison”) (35%) and SoftRock Oil and Gas Li...

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